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WILLIS ROBERTSON
FIGHT STILL TO COME ON FARM LEGISLATION
Senate debate last week on the wool bill represented merely a preliminary skirmish on the broad question of what should be done about agricutural price supports. Administration leaders promised the Senate an early opportunity to consider a general farm bill and after the Senate had passed the bill making special provisions to encourage production of wool, rtw>. ■Q^qpaa^LjJbttJHo.ttafe_ Agriculture Committee indicated no action would be taken on this bill by the House until after a general bill had been considered.
The major question at issue is whether price supports for basic cross now fixed at 90 percent of parity should be placed on a flexible sliding scale basis next year, as provided in the present law, pr whether the effective date of this change should be deferred for one or more years.
The Agricultural Adjustment Act, passed in 1938 was intended for the dual purpose of helping farmers to obtain prices which would keep their purchasing power on a fair level _compared <o other portions of the popuation (which is the “parity” concept) and assuring consumers an adequate and steady supply of commodities at fair prices. -sr -phis law was important factor in encouraging American farmers to produce enough food and fibre to
•world’s population during an<f after World War II because they were assured that when hostilities ended there would not be a sudden drop toward the depression levels of 1932 when wheat brought 38.2 cents a bushel, corn 31.9 cents a bushel, hogs, 3.3 cents a pound, cattle, 4.2 a pound, cotton 6.5 cents a pound and tobacco 10.5 cents a pound.
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